Can someone explain what "VAT Qualifying" means...

Used car add says £39,990 (VAT Qualifying)

If its to do with business users; I have a Ltd company that is VAT registered.

Thanks
Lee

A couple of questions...

If the car is bought by the company (and therefore they are able to reclaim the VAT back)...

1. Does the car HAVE to be exclusively for business use? (i.e a trade van?)
1a. If not, does it get complicated when calculating how much VAT is reclaimable, splitting between personal and business.

2. Is there a limit to the period you can claim the VAT back? (Like mileage expences 40p/m > 10,000 changing to 20p/m thereafter)

3. If the car is bought by the company surely the user of the car is then subject to company car tax, which would make the savings of VAT more or less irrelevant anyway?

I have the option to buy the car either privatly or through my business but the car will be used 50/50 business / personal use so Im trying to understand which is the best way forward, and save myself a few pennies

Im going to have a chat with my accountant on monday about it, but would like to get as clued up as possible before hand.

Thanks
Lee